英语翻译
Allconsequencesofinternationalfinancialintegrationtestedintheliterature
derivefromthestipulationofsomeversionofinternationalinterestparitywhich
completefinancialintegrationisassumedtobring.Thisparityconditionthen
yieldsthenullhypothesisthatiseitherconfronteddirectlywiththedata,as
describedintheprevioussection,orusedtoderiveinferencesaboutsaving-investmentandconsumption-growthcorrelationswhichwouldbeexpectedfromamodelifthatinterestparityconditionheld.Usuallyother,strongassumptionsareaddedtodeduceconsequencesofinterestparitysothatanumberofhypothesesendupbeingtestedjointly.
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